Nigerians who own property in UK panic over new law   

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A new law in the United Kingdom is now a source of worry for Nigerians living there, The new UK regulation is called on Unexplained Wealth Orders (UWOs) - The new law requires foreigners who own properties in the country to explain the source of their funds or risk forfeiting them to the government Nigerians, who own properties in the United Kingdom, have inundated the Ministry of Finance’s Voluntary Assets and Income Declaration Scheme (VAIDS) hotlines with calls, causing the lines to crash on Friday, February 9. A source at the VAIDs office, told the News Agency of Nigeria (NAN) that the unprecedented level of calls was not unconnected with the new UK regulation on Unexplained Wealth Orders (UWOs). The source disclosed that the VAIDs office have been receiving massive calls and frantic requests from tax payers based in the UK, in the last 72 hours, asking for extension of time to enable them complete their VAIDS declaration forms.

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Posted : 12/02/2018 3:35 pm

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